Press Releases

ISB Launches MFAB - Management Programme for Next Generation Leaders of Family Businesses

Comparable to Masters in Management programme at premier global business schools

New Delhi, December 10, 2012:The Indian School of Business (ISB) today announced the launch of its new Management Programme for Family Business (MFAB). The programme was launched by prominent leaders of Indian family business groups, Adi Godrej and Sunil Kant Munjal in the presence of key members from the ISB, Dean Ajit Rangnekar, Deputy Dean Deepak Chandra  and Professor Kavil Ramachandran.  MFAB has been specially designed to groom the younger generation of family-owned businesses for leadership.


Announcing the programme, Ajit Rangnekar, Dean, ISB, said, “The ISB’s MFAB is a part of the school’s mission of developing and enhancing business leadership through innovative world class programmes in management. We believe that there exists a huge need for a top-notch global programme for grooming the future leaders of family-owned businesses. MFAB aims to fill this gap by providing a structured learning platform that will help young family business scions navigate and grow their businesses in a hyper-competitive and globalised business environment. Nurturing India’s family-run businesses will eventually contribute to the entire nation building process.”

Like the other world-class programmes from the ISB, the curriculum of MFAB has been contextualised to the needs of the segment. The curriculum will

focus on enhancing analytical and functional skills, strengthen strategy and leadership as well as bring to the fore solutions to unique family business related challenges. MFAB will support the business scions to realise their growth aspirations by providing modern management tools and help professionalise their businesses. It will equip them with diverse learning opportunities through interactions with world-class faculty, international exposure, industry interventions and experiential learning.

Elaborating further, Professor Kavil Ramachandran, ISB, said “Family-owned companies around the globe are currently facing unique challenges as they navigate a highly competitive business environment - developing their next generation leadership and managing succession, governance, generational struggles around business strategy and professionalisation. We believe that MFAB will play a crucial role in addressing these complex challenges.”
Spread over a span of fifteen months, MFAB will have the content and rigor of top global Masters in Management programmes, contextualised to the needs of family businesses. It will be delivered in modules of seven days, every sixth week at the ISB campuses in Hyderabad and Mohali. Participants can travel from any location due to the modular structure of the programme. The programme will provide an opportunity for international immersions in USA, Africa and China.

Speaking at the occasion, Deepak Chandra, Deputy Dean, ISB, said, “Over the years, the ISB has successfully launched pioneering management programmes in India, aimed at young working professionals, mid-managers as well as senior management. Our latest offering, MFAB seeks to address the distinctive challenges that are faced by family business owners and groom the future leadership for an increasingly globalised world.”
The admissions for the programme will begin on January 01, 2013 and the first batch will commence in August 2013.  The selection and admission criteria are as follows –

  • Participants are required have a Bachelors Degree or an equivalent qualification (like CA, etc.).
  • Prior work experience of 4 years is recommended, though is not the prerequisite
  • Applicants will be required to appear for the Business Aptitude Test (BAT), and appear for a personal interview.
MFAB Highlights
  • Targeted at the next generation leaders of Family Businesses.
  • No break from work – Part-time format spread over 15 months
  • Classes in modules of 7 days, every 6th week
  • Global Faculty from leading business schools
  • Immersion in USA, China, Africa

About the Indian School of Business (ISB)
The ISB was established in 2001 with an aspiration to put India on the global map of management education. In less than a decade since its inception, the ISB has successfully pioneered several new trends in management education in India, and firmly established itself as a world-class management institution. In 2008, the ISB became the youngest institution to be ranked among the Top 20, in the Global B-school Rankings by the Financial Times, London, and since then has been ranked consistently among the top B-schools globally. The ISB today has a strong pool of research-oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management (PGP), Post Graduate Programme in Management for Senior Executives (PGPMAX), and Executive Education Programmes. In addition to teaching, the visiting faculty also participates in collaborative research with the resident faculty. The school has over 4200+ PGP & PGPMAX Alumni and 13,000+ Executive Education Alumni making an impact on business and society across the world. The ISB’s second campus at Mohali, Punjab became operational in April 2012.  With this, the ISB will function as one unified entity with a seamless integration across two campuses – Mohali and Hyderabad.  The Mohali campus, in addition to the existing programmes, also has specialist institutes for promoting research and education in areas critical to India’s development. For more information, visit www.isb.edu.


For further information, please contact:  
Sriram Gopalakrishnan 
Director – Marketing and Communications
Indian School of Business 
Tel.:  939 456 8030 
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu